Form 4: Carl E. Vogel Reports Changes in Beneficial Ownership of Sirius XM Holdings Inc.
SEC Form 4 Filing
Director Carl E. Vogel reports exercising stock options and subsequent disposal of shares to cover the exercise price, resulting in an adjusted beneficial ownership of Sirius XM Holdings Inc. stock.
Summary
- On May 20, 2024, Carl E. Vogel, a director of Sirius XM Holdings Inc., executed transactions involving the company's common stock.
- Vogel exercised stock options to acquire 61,634 shares at a price of $2.905 per share.
- Simultaneously, Vogel disposed of 59,882 shares to cover the exercise price of the options at a price of $2.99 per share.
- Following these transactions, Vogel directly owns 217,848 shares of Sirius XM Holdings Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock option exercises and share disposals, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they represent routine exercises of stock options and sales to cover the exercise price.
Key Dates
| Date | Description |
|---|---|
| 05/20/2015 | Original date of stock option grant. |
| 05/20/2024 | Date of transaction: exercising stock options and disposing of shares. |
| 05/20/2024 | Expiration date of stock options. |
| 05/21/2024 | Date of signature on the Form 4 filing. |
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